ONEOK, Inc. (NYSE:OKE) Stock Holdings Boosted by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC boosted its position in ONEOK, Inc. (NYSE:OKE) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,608 shares of the utilities provider’s stock after purchasing an additional 1,279 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in ONEOK were worth $1,946,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. L.M. Kohn & Company increased its position in ONEOK by 4.5% in the 4th quarter. L.M. Kohn & Company now owns 2,460 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 105 shares during the period. Mindset Wealth Management LLC increased its holdings in shares of ONEOK by 0.7% during the fourth quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider’s stock valued at $1,618,000 after purchasing an additional 106 shares during the period. Marcum Wealth LLC grew its position in ONEOK by 1.1% in the 1st quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider’s stock valued at $1,017,000 after buying an additional 108 shares in the last quarter. 1620 Investment Advisors Inc. increased its stake in ONEOK by 1.9% during the 4th quarter. 1620 Investment Advisors Inc. now owns 5,880 shares of the utilities provider’s stock valued at $590,000 after buying an additional 112 shares during the period. Finally, West Paces Advisors Inc. raised its position in shares of ONEOK by 4.7% during the 4th quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider’s stock worth $254,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Scotiabank lowered their price target on ONEOK from $96.00 to $93.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 5th. Wells Fargo & Company decreased their target price on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Morgan Stanley lifted their target price on ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Finally, Stifel Nicolaus cut their price target on shares of ONEOK from $110.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.69.

ONEOK Stock Performance

Shares of OKE opened at $82.95 on Thursday. The company has a 50-day moving average of $82.93 and a two-hundred day moving average of $94.68. The stock has a market cap of $52.22 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 3.77 and a beta of 0.94. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the company posted $1.09 EPS. On average, equities research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $1.03 per share. The ex-dividend date was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 4.97%. ONEOK’s payout ratio is presently 80.47%.

ONEOK Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.